vertu motors (property) limited
vertu motors (property) limited Company Information
Company Number
06048365
Website
www.vertumotors.comRegistered Address
vertu house, fifth avenue business park, gateshead, tyne & wear, NE11 0XA
Industry
Buying and selling of own real estate
Telephone
03301781945
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
vertu motors plc 100%
vertu motors (property) limited Estimated Valuation
Pomanda estimates the enterprise value of VERTU MOTORS (PROPERTY) LIMITED at £36.9m based on a Turnover of £10.9m and 3.39x industry multiple (adjusted for size and gross margin).
vertu motors (property) limited Estimated Valuation
Pomanda estimates the enterprise value of VERTU MOTORS (PROPERTY) LIMITED at £90.9m based on an EBITDA of £11m and a 8.26x industry multiple (adjusted for size and gross margin).
vertu motors (property) limited Estimated Valuation
Pomanda estimates the enterprise value of VERTU MOTORS (PROPERTY) LIMITED at £4.6m based on Net Assets of £3.3m and 1.4x industry multiple (adjusted for liquidity).
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Vertu Motors (property) Limited Overview
Vertu Motors (property) Limited is a live company located in gateshead, NE11 0XA with a Companies House number of 06048365. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 2007, it's largest shareholder is vertu motors plc with a 100% stake. Vertu Motors (property) Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.
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Vertu Motors (property) Limited Health Check
Pomanda's financial health check has awarded Vertu Motors (Property) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £10.9m, make it larger than the average company (£877.5k)
£10.9m - Vertu Motors (property) Limited
£877.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.1%)
-5% - Vertu Motors (property) Limited
2.1% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (68.9%)
100% - Vertu Motors (property) Limited
68.9% - Industry AVG
Profitability
an operating margin of 41.4% make it as profitable than the average company (36.8%)
41.4% - Vertu Motors (property) Limited
36.8% - Industry AVG
Employees
with 17 employees, this is above the industry average (4)
- Vertu Motors (property) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Vertu Motors (property) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £640.1k, this is more efficient (£181.6k)
- Vertu Motors (property) Limited
£181.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (25 days)
12 days - Vertu Motors (property) Limited
25 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Vertu Motors (property) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vertu Motors (property) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Vertu Motors (property) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.4%, this is a higher level of debt than the average (63.7%)
98.4% - Vertu Motors (property) Limited
63.7% - Industry AVG
vertu motors (property) limited Credit Report and Business Information
Vertu Motors (property) Limited Competitor Analysis
Perform a competitor analysis for vertu motors (property) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
vertu motors (property) limited Ownership
VERTU MOTORS (PROPERTY) LIMITED group structure
Vertu Motors (Property) Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
VERTU MOTORS (PROPERTY) LIMITED
06048365
2 subsidiaries
vertu motors (property) limited directors
Vertu Motors (Property) Limited currently has 3 directors. The longest serving directors include Ms Karen Anderson (Jan 2007) and Mr Robert Forrester (Jan 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Karen Anderson | United Kingdom | 52 years | Jan 2007 | - | Director |
| Mr Robert Forrester | United Kingdom | 54 years | Jan 2007 | - | Director |
| Mr David Crane | United Kingdom | 56 years | Nov 2008 | - | Director |
VERTU MOTORS (PROPERTY) LIMITED financials
Vertu Motors (Property) Limited's latest turnover from February 2023 is £10.9 million and the company has net assets of £3.3 million. According to their latest financial statements, we estimate that Vertu Motors (Property) Limited has 17 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,882,000 | 12,216,000 | 13,079,000 | 12,679,000 | 11,341,000 | 11,220,000 | 11,609,000 | 8,882,000 | 6,957,000 | 6,476,000 | 4,578,000 | 4,884,000 | 3,919,000 | 2,912,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 10,882,000 | 12,216,000 | 13,079,000 | 12,679,000 | 11,341,000 | 11,220,000 | 11,609,000 | 8,882,000 | 6,957,000 | 6,476,000 | 4,578,000 | 4,884,000 | 3,919,000 | 2,912,000 |
| Admin Expenses | 6,371,000 | 1,191,000 | 6,267,000 | 3,207,000 | 2,465,000 | 2,187,000 | 3,431,000 | 2,932,000 | ||||||
| Operating Profit | 4,511,000 | 11,025,000 | 6,812,000 | 3,269,000 | 2,113,000 | 2,697,000 | 488,000 | -20,000 | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 15,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Pre-Tax Profit | 4,526,000 | 11,026,000 | 6,813,000 | 3,975,000 | 5,769,000 | 9,870,000 | 7,249,000 | 5,264,000 | 3,524,000 | 2,090,000 | 861,000 | 2,698,000 | 8,539,000 | -19,000 |
| Tax | -2,281,000 | -1,808,000 | -1,724,000 | -1,645,000 | -1,229,000 | -1,887,000 | -1,959,000 | -1,086,000 | -1,226,000 | 5,000 | -122,000 | 178,000 | -463,000 | -179,000 |
| Profit After Tax | 2,245,000 | 9,218,000 | 5,089,000 | 2,330,000 | 4,540,000 | 7,983,000 | 5,290,000 | 4,178,000 | 2,298,000 | 2,095,000 | 739,000 | 2,876,000 | 8,076,000 | -198,000 |
| Dividends Paid | 2,000,000 | 8,000,000 | 5,000,000 | 1,000,000 | 6,000,000 | 9,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 0 | 0 | 8,000,000 | 0 |
| Retained Profit | 245,000 | 1,218,000 | 89,000 | 1,330,000 | -1,460,000 | -1,017,000 | 290,000 | 178,000 | -702,000 | -905,000 | 739,000 | 2,876,000 | 76,000 | -198,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 11,002,000 | 16,998,000 | 12,087,000 | 5,992,000 | 4,091,000 | 4,522,000 | 2,028,000 | 1,173,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 139,646,000 | 173,886,000 | 171,174,000 | 164,520,000 | 162,930,000 | 148,645,000 | 149,035,000 | 3,617,000 | 3,273,000 | 99,885,000 | 93,390,000 | 79,045,000 | 63,060,000 | 56,457,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 52,219,000 | 52,219,000 | 52,219,000 | 52,219,000 | 53,585,000 | 53,585,000 | 53,585,000 | 178,521,000 | 168,410,000 | 53,585,000 | 53,585,000 | 53,585,000 | 53,585,000 | 53,585,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 191,865,000 | 226,105,000 | 223,393,000 | 216,739,000 | 216,515,000 | 202,230,000 | 202,620,000 | 182,138,000 | 171,683,000 | 153,470,000 | 146,975,000 | 132,630,000 | 116,645,000 | 110,042,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 369,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,772,000 | 3,345,000 | 2,471,000 | 1,592,000 | 1,576,000 | 1,370,000 | 1,617,000 | 1,364,000 | 1,600,000 | 1,139,000 | 815,000 | 748,000 | 612,000 | 486,000 |
| Cash | 1,602,000 | 0 | 0 | 0 | 1,324,000 | 2,449,000 | 20,000 | 19,000 | 18,000 | 18,000 | 17,000 | 16,000 | 15,000 | 15,000 |
| misc current assets | 4,743,000 | 0 | 995,000 | 0 | 0 | 0 | 0 | 537,000 | 1,366,000 | 0 | 0 | 0 | 6,630,000 | 4,900,000 |
| total current assets | 11,486,000 | 3,345,000 | 3,466,000 | 1,592,000 | 2,900,000 | 3,819,000 | 1,637,000 | 1,920,000 | 2,984,000 | 1,157,000 | 832,000 | 764,000 | 7,257,000 | 5,401,000 |
| total assets | 203,351,000 | 229,450,000 | 226,859,000 | 218,331,000 | 219,415,000 | 206,049,000 | 204,257,000 | 184,058,000 | 174,667,000 | 154,627,000 | 147,807,000 | 133,394,000 | 123,902,000 | 115,443,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,348,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 189,430,000 | 218,330,000 | 217,487,000 | 211,309,000 | 214,331,000 | 199,189,000 | 197,717,000 | 178,119,000 | 169,302,000 | 149,979,000 | 141,493,000 | 129,172,000 | 122,274,000 | 114,813,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,658,000 | 4,928,000 | 4,966,000 | 3,057,000 | 3,106,000 | 3,722,000 | 2,834,000 | 2,839,000 | 2,385,000 | 1,327,000 | 1,959,000 | 723,000 | 1,274,000 | 357,000 |
| total current liabilities | 197,436,000 | 223,258,000 | 222,453,000 | 214,366,000 | 217,437,000 | 202,911,000 | 200,551,000 | 180,958,000 | 171,687,000 | 151,306,000 | 143,452,000 | 129,895,000 | 123,548,000 | 115,170,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,633,000 | 3,492,000 | 2,924,000 | 2,572,000 | 1,915,000 | 1,615,000 | 1,166,000 | 850,000 | 908,000 | 547,000 | 676,000 | 559,000 | 290,000 | 285,000 |
| total long term liabilities | 2,633,000 | 3,492,000 | 2,924,000 | 2,572,000 | 1,915,000 | 1,615,000 | 1,166,000 | 850,000 | 908,000 | 547,000 | 676,000 | 559,000 | 290,000 | 285,000 |
| total liabilities | 200,069,000 | 226,750,000 | 225,377,000 | 216,938,000 | 219,352,000 | 204,526,000 | 201,717,000 | 181,808,000 | 172,595,000 | 151,853,000 | 144,128,000 | 130,454,000 | 123,838,000 | 115,455,000 |
| net assets | 3,282,000 | 2,700,000 | 1,482,000 | 1,393,000 | 63,000 | 1,523,000 | 2,540,000 | 2,250,000 | 2,072,000 | 2,774,000 | 3,679,000 | 2,940,000 | 64,000 | -12,000 |
| total shareholders funds | 3,282,000 | 2,700,000 | 1,482,000 | 1,393,000 | 63,000 | 1,523,000 | 2,540,000 | 2,250,000 | 2,072,000 | 2,774,000 | 3,679,000 | 2,940,000 | 64,000 | -12,000 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,511,000 | 11,025,000 | 6,812,000 | 3,269,000 | 2,113,000 | 2,697,000 | 488,000 | -20,000 | ||||||
| Depreciation | 6,491,000 | 5,973,000 | 5,275,000 | 4,739,000 | 4,912,000 | 4,489,000 | 3,826,000 | 664,000 | 3,006,000 | 2,723,000 | 1,978,000 | 1,825,000 | 1,540,000 | 1,193,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,281,000 | -1,808,000 | -1,724,000 | -1,645,000 | -1,229,000 | -1,887,000 | -1,959,000 | -1,086,000 | -1,226,000 | 5,000 | -122,000 | 178,000 | -463,000 | -179,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,796,000 | 874,000 | 879,000 | 16,000 | 206,000 | -247,000 | 253,000 | -236,000 | 461,000 | 324,000 | 67,000 | 136,000 | 126,000 | 486,000 |
| Creditors | 1,348,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,730,000 | -38,000 | 1,909,000 | -49,000 | -616,000 | 888,000 | -5,000 | 454,000 | 1,058,000 | -632,000 | 1,236,000 | -551,000 | 917,000 | 357,000 |
| Deferred Taxes & Provisions | -859,000 | 568,000 | 352,000 | 657,000 | 300,000 | 449,000 | 316,000 | -58,000 | 361,000 | -129,000 | 117,000 | 269,000 | 5,000 | 285,000 |
| Cash flow from operations | 9,144,000 | 14,846,000 | 11,745,000 | 4,912,000 | 5,255,000 | 4,282,000 | 2,361,000 | 1,150,000 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | -1,366,000 | 0 | 0 | -124,936,000 | 10,111,000 | 114,825,000 | 0 | 0 | 0 | 0 | 53,585,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -28,900,000 | 843,000 | 6,178,000 | -3,022,000 | 15,142,000 | 1,472,000 | 19,598,000 | 8,817,000 | 19,323,000 | 8,486,000 | 12,321,000 | 6,898,000 | 7,461,000 | 114,813,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 15,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| cash flow from financing | -28,548,000 | 844,000 | 6,179,000 | -3,021,000 | 15,143,000 | 1,473,000 | 19,599,000 | 8,818,000 | 19,324,000 | 8,487,000 | 12,322,000 | 6,899,000 | 7,462,000 | 115,000,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,602,000 | 0 | 0 | -1,324,000 | -1,125,000 | 2,429,000 | 1,000 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | 0 | 15,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,602,000 | 0 | 0 | -1,324,000 | -1,125,000 | 2,429,000 | 1,000 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | 0 | 15,000 |
P&L
February 2023turnover
10.9m
-11%
operating profit
4.5m
-59%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
3.3m
+0.22%
total assets
203.4m
-0.11%
cash
1.6m
0%
net assets
Total assets minus all liabilities
Similar Companies
vertu motors (property) limited company details
company number
06048365
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
January 2007
age
17
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
norham house 1102 limited (January 2007)
incorporated
UK
address
vertu house, fifth avenue business park, gateshead, tyne & wear, NE11 0XA
last accounts submitted
February 2023
vertu motors (property) limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 23 charges/mortgages relating to vertu motors (property) limited. Currently there are 6 open charges and 17 have been satisfied in the past.
vertu motors (property) limited Companies House Filings - See Documents
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